In the Southside Virginia nonmetropolitan area, Bookkeeping, Accounting, and Auditing Clerks earn an average annual salary of $45,120. This figure is below the national average of $51,940, reflecting the economic dynamics and potentially lower demand for specialized financial roles in nonmetropolitan regions compared to larger urban centers.
Executive Summary
- Average Salary: $45,120 per year.
- Growth Trend: Salaries have shifted 28.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,140.
- Outlook: With a local workforce of 950 individuals in this sector, the job market for Bookkeeping, Accounting, and Auditing Clerks in Southside Virginia is moderately sized. The location quotient of 0.98 suggests a concentration of these roles that is nearly on par with the national average, indicating a stable, albeit not exceptionally high, demand within the region.
Salary Overview
The average Bookkeeping, Accounting, and Auditing Clerks in Southside Virginia nonmetropolitan area earns-13.1%below the national average.
$21.7
$868
$3,760
Bookkeeping, Accounting, and Auditing Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Bookkeeping, Accounting, and Auditing Clerks in the Southside Virginia nonmetropolitan area have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This suggests a steady, albeit potentially modest, upward trajectory in compensation for these essential financial support roles.
Bookkeeping, Accounting, and Auditing Clerks Salary Distribution in Southside Virginia nonmetropolitan area
Career progression for Bookkeeping, Accounting, and Auditing Clerks typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution highlight these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,970 | $14.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,840 | $16.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $43,260 | $20.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,400 | $27.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,140 | $28.9 |
Detailed Bookkeeping, Accounting, and Auditing Clerks Market Analysis
Relocation Context
Nominal Salary
$45,120
Gross Pay
Real Wage (Purchasing Power)
$45,120
Adjusted for COL (100)
The nominal average annual salary of $45,120 in Southside Virginia nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, suggesting that while the take-home pay is lower than the national average, the cost of goods and services locally does not present a disadvantage.
Job Market Context
950
Total Jobs
9.261
Per 1K Jobs
0.98
Location Quotient
Southside Virginia nonmetropolitan area has 0.98x the national average concentration of Bookkeeping, Accounting, and Auditing Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The location quotient of 0.98 for Bookkeeping, Accounting, and Auditing Clerks in Southside Virginia indicates that the concentration of these jobs in the area is very close to the national average. This suggests a balanced job market where the supply of workers and the demand for their services are relatively stable, without significant oversupply or undersupply of talent.
Nearby Job Markets
Nearby Cities for Bookkeeping, Accounting, and Auditing Clerks
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Bookkeeping, Accounting, and Auditing Clerks Salary | $51,510↑ 14% | 25 mi |
| Richmond, VA Bookkeeping, Accounting, and Auditing Clerks Salary | $50,610↑ 12% | 41 mi |
| Staunton-Stuarts Draft, VA Bookkeeping, Accounting, and Auditing Clerks Salary | $47,420↑ 5% | 56 mi |
| Harrisonburg, VA Bookkeeping, Accounting, and Auditing Clerks Salary | $46,700↑ 4% | 60 mi |
| Lynchburg, VA Bookkeeping, Accounting, and Auditing Clerks Salary | $45,520↑ 1% | 61 mi |
Comparing salaries near Southside Virginia nonmetropolitan area
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Frequently Asked Questions
How much does a Bookkeeping, Accounting, and Auditing Clerks make in Southside Virginia nonmetropolitan area?
The median annual salary for a Bookkeeping, Accounting, and Auditing Clerks in Southside Virginia nonmetropolitan area is $45,120. This typically ranges from $30,970 for entry-level positions to $60,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southside Virginia nonmetropolitan area is 13.1% lower than the national median of $51,940.
Is Southside Virginia nonmetropolitan area a lucrative place for Bookkeeping, Accounting, and Auditing Clerks?
No, not exceptionally lucrative compared to national averages.The average salary of $45,120 is below the national average, though the cost of living is on par. The job market concentration is stable but not indicative of high demand or premium pay.
Is Southside Virginia nonmetropolitan area a good place to live for Bookkeeping, Accounting, and Auditing Clerks?
The Cost of Living Index in Southside Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southside Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($51,510) and Richmond, VA.
How does the local workforce size affect job prospects?
A local workforce of 950 suggests a moderate pool of professionals, indicating that while opportunities exist, the market may not be saturated, offering a reasonable chance for qualified individuals to find employment.
What does a Location Quotient of 0.98 mean for job seekers?
A location quotient of 0.98 signifies that the presence of Bookkeeping, Accounting, and Auditing Clerk roles in Southside Virginia is nearly equivalent to the national average. This implies a steady demand that aligns with typical market conditions.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the $45,120 salary offers purchasing power equivalent to the national average. This means that while the nominal salary is lower, the local expenses do not make it less valuable in real terms.
Are there significant opportunities for career growth in this role locally?
While the provided data doesn't detail specific growth paths, the stable market and the general nature of accounting roles suggest that experience and skill development can lead to higher-paying positions within the field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 950 employees in the Southside Virginia nonmetropolitan area area with a job density of 9.261 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Bookkeeping, Accounting, and Auditing Clerks • Data source: BLS OEWS 2024 •Jobs in Southside Virginia nonmetropolitan area